AdvisorNet Financial Inc Has $1.12 Million Stake in Kinder Morgan, Inc. (NYSE:KMI)

AdvisorNet Financial Inc increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 402.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,393 shares of the pipeline company's stock after buying an additional 31,553 shares during the quarter. AdvisorNet Financial Inc's holdings in Kinder Morgan were worth $1,124,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in KMI. Brighton Jones LLC bought a new position in Kinder Morgan during the 4th quarter worth about $308,000. Perigon Wealth Management LLC increased its holdings in Kinder Morgan by 18.2% during the 4th quarter. Perigon Wealth Management LLC now owns 14,170 shares of the pipeline company's stock worth $426,000 after purchasing an additional 2,183 shares in the last quarter. Mediolanum International Funds Ltd increased its holdings in Kinder Morgan by 103.6% during the 4th quarter. Mediolanum International Funds Ltd now owns 102,993 shares of the pipeline company's stock worth $2,811,000 after purchasing an additional 52,399 shares in the last quarter. Clarity Financial LLC increased its holdings in Kinder Morgan by 41.5% during the 4th quarter. Clarity Financial LLC now owns 16,157 shares of the pipeline company's stock worth $443,000 after purchasing an additional 4,737 shares in the last quarter. Finally, Sonora Investment Management Group LLC increased its holdings in Kinder Morgan by 4.3% during the 4th quarter. Sonora Investment Management Group LLC now owns 254,642 shares of the pipeline company's stock worth $6,977,000 after purchasing an additional 10,492 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Stock Performance

Kinder Morgan stock traded up $0.59 during midday trading on Monday, reaching $28.63. 16,708,263 shares of the company's stock were exchanged, compared to its average volume of 14,009,036. Kinder Morgan, Inc. has a 52 week low of $19.29 and a 52 week high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The firm has a market cap of $63.61 billion, a price-to-earnings ratio of 24.47, a P/E/G ratio of 3.08 and a beta of 0.74. The stock's 50-day simple moving average is $27.19 and its 200 day simple moving average is $27.44.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 4.09%. Kinder Morgan's dividend payout ratio (DPR) is 100.86%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on KMI shares. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price for the company in a report on Monday, March 3rd. Royal Bank of Canada raised their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. Wells Fargo & Company restated an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. Scotiabank raised their price objective on Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. raised their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Kinder Morgan has a consensus rating of "Moderate Buy" and an average price target of $29.79.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total transaction of $517,500.00. Following the completion of the sale, the president now directly owns 807,652 shares in the company, valued at $23,219,995. This trade represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 54,000 shares of company stock worth $1,492,740 over the last three months. Insiders own 12.73% of the company's stock.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.